Yeah, understood it's a lagging indicator, but most of those US companies you mention (Peloton, Snap, Shopify, Carvana) are in the "unprofitable VC-funded camp". Salesforce and Microsoft obviously aren't, but their numbers are also much, much smaller and the amounts are a really teeny percentage of their overall workforce. Zillow is a bit of a special case because of their complete f'up with flipping houses. Oracle feels like the only one really comparable to me, but perhaps I'm just showing my personal bias that I'd really wish Oracle would lay off everyone and go under, but I digress...
I guess my main point was that, even with recent layoffs, feels like most of those folks wouldn't have had much difficulty getting snapped up by other companies, especially in engineering (not saying it wasn't disruptive to those involved). But once you start laying off 20,000 here and 10,000 there, you get to the musical chairs point where some folks are going to be left without a chair for some time.
I guess my main point was that, even with recent layoffs, feels like most of those folks wouldn't have had much difficulty getting snapped up by other companies, especially in engineering (not saying it wasn't disruptive to those involved). But once you start laying off 20,000 here and 10,000 there, you get to the musical chairs point where some folks are going to be left without a chair for some time.